111
111
Feb 20, 2013
02/13
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MSNBCW
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this is not like the debt ceiling or even the fiscal cliff. this is not doomsday even if it does happen. it's just stupid and we shouldn't do it. >> ezra, a couple of things here. first of all, for a long time, the stock market and the economy, as from the perspective of working people, have been at least two different things, correct? one thing, you can see the stock market doing fine. that might have a lot more to do with china than what is to happen march 1st. secondly, let's say nothing happens. the unemployment rate is stuck around 8%. this is a pretty lousy time for nothing to happen. in fact, if you look at the cbo projections, the projection with the sequester taking effect is for the unemployment rate to be 7.9% the first half of this year, 8% for the second half of this year. so, basically stuck at a place that's really very disadvantageous for so many workers. >> jared, let me interrupt this colloquy here and ask you, jared, we know that there are other looming fiscal fights, the march 27th deadline for the continuing resolution, bu
this is not like the debt ceiling or even the fiscal cliff. this is not doomsday even if it does happen. it's just stupid and we shouldn't do it. >> ezra, a couple of things here. first of all, for a long time, the stock market and the economy, as from the perspective of working people, have been at least two different things, correct? one thing, you can see the stock market doing fine. that might have a lot more to do with china than what is to happen march 1st. secondly, let's say...
179
179
Feb 19, 2013
02/13
by
FOXNEWSW
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eye 179
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republicans decided they don't want to make a fan of debt ceiling. it sounds like the sequester will happen. we don't know how long it goes in effect for. when they go in effect, it will be painful and there will be the pressure on republicans to come to the table to negotiate what the president calls the balanceed approach. to do spending cuts. maybe not. we don't know. republicans seem to think that at least getting the cuts would level the playing field. may will go forward in government shutdown debate from there. i think the sequester is going to happen. >> bret: back in novembe november 2011, when -- we have all be through this, where sequester was proposed by the white house a something that it would be so bad that the super committee had to get their job on the. it didn't happen. after the super committee disbands, that night, the president says this -- >> already, some in congress try to undue the spending cut. my message is simple. no i will veto any evident to get rid of the automaticbe it was cut. no easy off-ramp on this one. we need to
republicans decided they don't want to make a fan of debt ceiling. it sounds like the sequester will happen. we don't know how long it goes in effect for. when they go in effect, it will be painful and there will be the pressure on republicans to come to the table to negotiate what the president calls the balanceed approach. to do spending cuts. maybe not. we don't know. republicans seem to think that at least getting the cuts would level the playing field. may will go forward in government...
283
283
Feb 17, 2013
02/13
by
KGO
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ceiling. where does this all end? >> it doesn't end. this is democratic politics in an age where we've made promises we can't keep and intractable budget ceilings we have to bump up. let me give you two examples this week. the navy citing the sequester delayed the deployment of the aircraft carrier "truman" undermining our pledge to have two carrier groups in the persian group to keep pressure on iran. citing the sequester. you telling me the navy can't find other ways to economize without this flamboyant and provocative way of trying to pressure congress? second, this week we learned the agriculture department has a diversity awareness program. it doesn't cost much money, in which they teach the bureaucrats in the agriculture department to refer to the pilgrims as illegal aliens and minorities as emerging majorities. it's a small amount of money but a huge symptom of the utter contempt with which washington treats taxpayers' money. two good reasons right there to go ahead with the sequester.
ceiling. where does this all end? >> it doesn't end. this is democratic politics in an age where we've made promises we can't keep and intractable budget ceilings we have to bump up. let me give you two examples this week. the navy citing the sequester delayed the deployment of the aircraft carrier "truman" undermining our pledge to have two carrier groups in the persian group to keep pressure on iran. citing the sequester. you telling me the navy can't find other ways to...
75
75
Feb 17, 2013
02/13
by
CNN
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eye 75
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we discussed the debt ceiling. you voted against the deal to suspend the debt ceiling with 34 of your fellow senators but it passed anyway. what do you need to see in a bill to avoid the sequester sometime between now and the end of february? >> ali, first of all, as someone who did run a business for 22 years, i'm embarrassed about the way we're operating the country right now and i want to say that up front. sequestration is a bad idea. we ought to be doing our business, appropriating and budgeting, making decisions on cost-benefit analysis. these continual deadlines and cliffs is no way to run a country much less a company. >> when you run a company, you have these things called poison pills. that's what the sequestration was. right? something to awful it would prevent a certain course of action from taking place. why is it that elected officials don't treat that the same way that you would if you were in business? if you had a poison pill in your business to say if you don't do something x will happen or if you
we discussed the debt ceiling. you voted against the deal to suspend the debt ceiling with 34 of your fellow senators but it passed anyway. what do you need to see in a bill to avoid the sequester sometime between now and the end of february? >> ali, first of all, as someone who did run a business for 22 years, i'm embarrassed about the way we're operating the country right now and i want to say that up front. sequestration is a bad idea. we ought to be doing our business, appropriating...
139
139
Feb 20, 2013
02/13
by
CURRENT
tv
eye 139
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remember this was all about the debt ceiling. how do we avoid going over the fiscal cliff with the debt ceiling last summer. and they were log jammed. and they said we need something to really make this happen. and at a meeting at the white house somebody said years ago they had a thing called the sequester, where these horrible horrible, horrible cuts were put in there that would happen if congress didn't act. and everybody said okay. let's do that again. then it came up to the congress and the republicans in congress 174 of them voted for this. john boehner paul ryan eric cantor all voted for it. and when it was over john boehner said i love this. i got 98% of what i want. these cuts which are so bad that everybody thought never, never, never would congress go along with it. you know why the republicans want to go along with it? because they don't give a damn. they don't care if the government is whacked across the board. first responders and air traffic controllers and pell grants and all of that other stuff cut. they don't ca
remember this was all about the debt ceiling. how do we avoid going over the fiscal cliff with the debt ceiling last summer. and they were log jammed. and they said we need something to really make this happen. and at a meeting at the white house somebody said years ago they had a thing called the sequester, where these horrible horrible, horrible cuts were put in there that would happen if congress didn't act. and everybody said okay. let's do that again. then it came up to the congress and...
255
255
Feb 22, 2013
02/13
by
KRCB
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eye 255
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concerned in this country. >> narrator: and cantor had that debt ceiling threat. if the president wouldn't cut spending, he and the new republicans would force the issue. >> we all saw the debt ceiling as the best lever we had to make some changes, to deal with the spending problem, to deal with the big government problem. >> if the government were to fail to raise the debt ceiling, you would see an immediate panic in the market... >> white house showdown with house republicans... >> narrator: at the white house, treasury secretary timothy geithner knew just how serious cantor's threat was. >> geithner says, "we could trigger a depression worse than the 1930s. it will be indelible. it will be... it will last for generations." tim geithner is one scared secretary of the treasury. >> when secretary geithner and the rest of us spoke to the president, we were very clear. in our country. it would absolutely lead to a serious downgrading ofur credit rating. >> narrator: geithner said they had only weeks to act before the country ran out of money. >> geithner believes ve
concerned in this country. >> narrator: and cantor had that debt ceiling threat. if the president wouldn't cut spending, he and the new republicans would force the issue. >> we all saw the debt ceiling as the best lever we had to make some changes, to deal with the spending problem, to deal with the big government problem. >> if the government were to fail to raise the debt ceiling, you would see an immediate panic in the market... >> white house showdown with house...
101
101
Feb 16, 2013
02/13
by
MSNBCW
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eye 101
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ceiling but for every dollar we raise that debt ceiling, we'll lower spending by a dollar. so i am in favor of keeping that agreement. >> but keeping that agreement, if the sequester goes into effect, according to the cbo, it says it will cut u.s. growth in half. it will cost at least 1 million jobs and jobs by extension, consumers, which drive the economy. don't you agree that losing 1 million jobs will be disastrous to the recovery? >> if you turn just to the cbo, the stimulus of three years ago would have solved all of our problems and we would not have had all the difficulties we have today. would have led to tremendous gdp growth. neither does the cbo ever report or take into consideration the impact the huge debt has on the growth of our gdp and job creation. we can have a philosophical fight about whether or not you can cut your way to prosperity as the president says or spend your way to disaster, as i contend. but that's not the issue here. the issue here is that we agreed 18 months ago for a dollar's worth of spending reductions for every worth of dollar increase.
ceiling but for every dollar we raise that debt ceiling, we'll lower spending by a dollar. so i am in favor of keeping that agreement. >> but keeping that agreement, if the sequester goes into effect, according to the cbo, it says it will cut u.s. growth in half. it will cost at least 1 million jobs and jobs by extension, consumers, which drive the economy. don't you agree that losing 1 million jobs will be disastrous to the recovery? >> if you turn just to the cbo, the stimulus of...